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Zhejiang Leapmotor Technology Co., Ltd. Class H ( (HK:9863) ) has issued an update.
Leapmotor reported a strong 2025, more than doubling annual vehicle sales to 596,555 units and securing the top position among China’s emerging auto brands by both domestic sales and export volume. The company’s SUVs, including the C11, C10 and C16, along with Platform B models in the RMB100,000 segment, have built significant scale, pushing cumulative deliveries above 1.2 million units and exports past 100,000 units by early 2026.
Financially, the group crossed into full-year profitability with net profit of RMB0.54 billion, reversing a loss in 2024 and becoming only the second Chinese emerging auto maker to post an annual profit. Revenue surged 101.3% to RMB64.73 billion, gross margin hit a record 14.5%, and free cash flow rose to RMB7.82 billion, strengthening its cash position to RMB37.88 billion and reinforcing its competitive standing in China’s fast-consolidating EV market.
The most recent analyst rating on (HK:9863) stock is a Buy with a HK$56.00 price target. To see the full list of analyst forecasts on Zhejiang Leapmotor Technology Co., Ltd. Class H stock, see the HK:9863 Stock Forecast page.
More about Zhejiang Leapmotor Technology Co., Ltd. Class H
Zhejiang Leapmotor Technology Co., Ltd. is a Chinese emerging new energy vehicle manufacturer focused on intelligent electric cars and SUVs. The company targets the mass and mid-range segments, with models such as the C11, C10, C16 and Platform B vehicles competing in mainstream SUV and RMB100,000 price categories in China and increasingly in export markets.
Average Trading Volume: 8,400,497
Technical Sentiment Signal: Sell
Current Market Cap: HK$62.79B
For a thorough assessment of 9863 stock, go to TipRanks’ Stock Analysis page.